ING Tools

I spent a half hour this morning playing with ING's toys.

The first is an application where you enter as many details as you want and then they compare you to others in the areas of saving, spending, debt, and retirement. I will say I was disappointed in the results as they didn't really seem to have any canned verbiage that applied to my situation. Like, one of the quick steps was "Enroll in your employer's sponsored retirement plan." But I already told the survey I was contributing to an employer sponsered retirement plan. Minus the report it was neat to see how I'm doing compared to others in my bucket.
ING Compare Tool

The other tool is to tell you how much you need for retirement. Holy cow! I said I wanted to have my current salary and have money to live till I was 95 and it said I needed double what I had been thinking. I remember using someone else's tool to get my first number so now I'm very curious if I'm mis-remembering or what. My other thought is that my salary now will probably be pittance then, so does the tool account for that? Or will I need even more? Scary.
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